Geode Capital Management LLC Acquires 1,622,064 Shares of Exxon Mobil Co. (NYSE:XOM)

Geode Capital Management LLC raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 1.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 92,194,981 shares of the oil and gas company's stock after purchasing an additional 1,622,064 shares during the period. Exxon Mobil comprises about 0.9% of Geode Capital Management LLC's portfolio, making the stock its 14th largest holding. Geode Capital Management LLC owned approximately 2.10% of Exxon Mobil worth $10,777,735,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of XOM. Insight Inv LLC grew its position in Exxon Mobil by 4.0% in the 3rd quarter. Insight Inv LLC now owns 20,581 shares of the oil and gas company's stock valued at $2,413,000 after buying an additional 785 shares in the last quarter. Valued Retirements Inc. acquired a new stake in shares of Exxon Mobil in the 3rd quarter worth approximately $4,649,000. Brophy Wealth Management LLC bought a new position in shares of Exxon Mobil in the third quarter valued at approximately $923,000. Vestcor Inc raised its holdings in Exxon Mobil by 0.5% during the third quarter. Vestcor Inc now owns 185,284 shares of the oil and gas company's stock worth $21,719,000 after purchasing an additional 970 shares in the last quarter. Finally, Impala Asset Management LLC lifted its position in Exxon Mobil by 100.4% in the third quarter. Impala Asset Management LLC now owns 45,100 shares of the oil and gas company's stock worth $5,287,000 after purchasing an additional 22,600 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Down 0.2 %

Shares of NYSE XOM traded down $0.23 during mid-day trading on Tuesday, reaching $112.67. The company had a trading volume of 20,841,760 shares, compared to its average volume of 16,229,049. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The company has a market capitalization of $495.20 billion, a price-to-earnings ratio of 14.09, a PEG ratio of 4.77 and a beta of 0.89. The stock has a fifty day moving average of $119.68 and a two-hundred day moving average of $116.47. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the prior year, the firm earned $2.27 EPS. The company's revenue was down .8% compared to the same quarter last year. As a group, equities research analysts expect that Exxon Mobil Co. will post 7.94 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be paid a $0.99 dividend. The ex-dividend date is Thursday, November 14th. This is a boost from Exxon Mobil's previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a yield of 3.51%. Exxon Mobil's payout ratio is 49.32%.

Analysts Set New Price Targets

XOM has been the topic of a number of research reports. UBS Group dropped their price objective on Exxon Mobil from $157.00 to $149.00 and set a "buy" rating on the stock in a research note on Wednesday, September 18th. Redburn Atlantic reiterated a "neutral" rating and issued a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. The Goldman Sachs Group raised their price objective on shares of Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. BNP Paribas downgraded shares of Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 target price on the stock. in a report on Wednesday, October 9th. Finally, Wells Fargo & Company raised their target price on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an "overweight" rating in a report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $129.95.

Exxon Mobil Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.